One of the mistakes most homemakers make while thinking about financial planning is looking at immediate goals, says Amar Pandit.
This rainy season, don't just prepare for storms but also make your finances rain-proof, says Amar Pandit.
A good planner will take the role of a family doctor.
Want a stress free vacation? Amar Pandit tells you what you need to keep in mind.
Consider factors like time, risk profile, return requirements, expenses, liquidity needs, etc. Make sure to have insurance and opt for a term plan, says Amar Pandit.
If the credit card is not used judiciously, it can cause havoc with one's personal finances, warns Sarbajeet K Sen.
Your plan, and not what the market is doing, should drive your behavior.
While planning for retirement, the key is to let your money be idle, says Amar Pandit.
Customers need to weigh whether they will be better off selling their mutual fund holdings or taking a loan against it.
Invest early. Plan your taxes.
Give them up post haste and make a rocking beginning to the New Year.
Don't invest more than 5 per cent of your portfolio in bitcoin. The virtual currency's price has run up very fast and experts feel a correction may be around the corner.
Financial planning advisor Amar Pandit explains the most important steps for accumulating a contingency fund but cautions that this money should be spent wisely.
There is no reason for a child with no dependents to have insurance because insurance is put in place to provide for the child in the event of a parent's untimely death and not the other way around, says Amar Pandit.
Proper documentation can help take half the pain out of filing your income tax return, says Amar Pandit.
Although not much is spoken about financial infidelity, it is becoming more and more common these days. Financial planner Amar Pandit charts a four-point plan on how to be financially loyal to your spouse
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
If you want your children to inherit true wealth, make them financially literate, says Amar Pandit
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.